The UK’s two main financial regulators, the Bank of England (BoE) and the Financial Conduct Authority (FCA), have announced the opening of its Digital Securities Sandbox (DSS).

Mastercard is teaming up with Web3 players on an on-chain identity and verification framework covering a variety of applications in payments, remittances, ticketing and NFTs.

Germany’s Commerzbank is seeking to enter the crypto-assets market after a spokesperson revealed the bank has applied for a local crypto licence.

Wells Fargo is expanding its relationship with Google Cloud to roll out agentic AI across its operations.

UK tech network, Tech Nation, has released its final report ahead of its closure at the end of March, stating that the UK tech ecosystem will require support in future growth.

Microsoft has taken a major step in its efforts to create an identity verification system that can be used across organisations.

Hong Kong’s Hang Seng Bank is looking to entice novice investors with an in-app fund investment service offering a minimum investment amount of just HK$1.

American Banking-as-a-Service player Synctera has raised $15 million and made a move north of the border through a partnership with National Bank of Canada.

Blockchain-based international payments startup Due has raised $3.3 million in seed funding.

The Bank of England is considering shelving plans for the creation of a digital pound amid growing scepticism over the project’s benefits.

The global fintech has enetered a new chapter defined by a rise in profitability and the emergence of scaled fintech and an “intensified focus on profitable growth”.

Speaking exclusively with Finextra, Barclays has announced it will host the ‘Barclays CBDC Hackathon 2022’ later this year, to promote the emergence of new technologies in large-scale banks.

The United Arab Emirates is planning to launch a CBDC and domestic card scheme as part of a wide-ranging financial infrastructure transformation programme.

Sustainable digital transformation company Fujitsu has allied with Palantir Technologies to boost business transformation in Japan and solve societal challenges.